South Korea's finance minister expects the semiconductor boom to continue at least through 2027, citing a persistent supply-demand gap despite recent global chip stock sell-offs.
01Summary
- 01Finance minister Lee Hyoung-Il said on Saturday that semiconductor growth can be sustained at least through next year.
- 02Lee attributed the sustained growth to the wide gap between demand and supply for semiconductors.
- 03Semiconductor stocks, including SK Hynix and Nvidia, fell sharply this week due to concerns over interest rate hikes and Chinese competition.
- 04Lee noted that chip stocks have fueled volatility in South Korea's stock market but described the economy as 'solid'.
- 05A South Korean newspaper column urged the government to prepare for a potential slowdown in the AI boom, with experts predicting a 'flood of new supply' by 2029.
02Why it matters
This matters because South Korea's semiconductor industry is a major driver of its economy and tax revenues, and its outlook affects global tech supply chains and investor sentiment.
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